Risk Management

Founded in January of 1954, Risk Management is a monthly magazine that features news and industry analysis for corporate risk managers. The magazine has a circulation of 16,000 readers and is published by the Risk and Insurance Management Society Inc. Morgan O'Rourke is Editor-in-Chief. Jared Wade is Editor. Bill Coffin is Publisher/Editorial Director.

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Articles from Vol. 46, No. 3, March

Some say the captive movement began back in the 1920s in the United Kingdom, when Imperial Chemical Industries formed a wholly-owned insurance subsidiary to protect the risks of its parent company--the traditional definition of a captive. This definition...

Losses due to fraud can affect every business and every risk manager. The stakes are high-workers' compensation abuse costs are estimated to total about $6 billion a year. And while only 10 percent of all workers' comp claims are fraudulent, most of...

Losses due to fraud can affect every business and every risk manager. The stakes are high--workers' compensation abuse costs are estimated to total about $6 billion a year. And while only 10 percent of all workers' comp claims are fraudulent, most...

T'S FUNNY SOMETIMES HOW YOU NOTICE THE WORLD CHANGING. No matter how much you read about it, write about it, or hear others talk about it, change creeps up on you. It's one thing to hear the buzzword "ecommerce" bandied around the office or on television,...

Employment-based benefits in Canada are paramount to the economic stability of its workers. So when complicated taxation methods and policies for employee benefits are altered, the effects are deeply felt. According to an International Foundation...

A captive can have a positive effect on a company's span of control with respect to the management of their risks, as it can house them all in one vehicle that demands the focused attention of senior management. Rarely have those responsible for...

Letters of credit are the most commonly used collateral, but they may not be the best option for your company due to financial considerations, program structure or tax position. In recognition of these limitations, insurance companies have developed...

Letters of credit are the most commonly used collateral, but they may not be the best option for your company due to financial considerations, program structure or tax position. In recognition of these limitations, insurance companies have developed...

The various captive domiciles hold different attractions for parent organizations based on financial, regulatory and other individual tax advantages. The key to choosing correctly is assessing all factors and deciding which are of most benefit for...

Hawaii Hawaii issued a total of 65 captive licenses in 1998. "Although [our captive business] is much smaller than our nearest competitor--Vermont--we strive to be at the forefront of innovative legislation," says Marc Lapointe, managing director...

Paneling How do insurance executives view the major issues in their industry? The annual Property/Casualty Insurance Joint Industry Forum was a good place to find the answer. On January 13, insurers and journalists crowded into the Waldorf Astoria's...

THERE'S A MIXTURE OF EXCITEMENT and nervousness in the risk and insurance community these days. In part it is enthusiasm about the new technological tools that can make our jobs easier (though I'm not sure they always do), and in part anxiety about the...

all companies are expected to pursue strategies to improve shareholder value by maximizing income and reducing earnings volatility. Conflicting with this goal is the existence of risk, which creates variability and requires an allocation of resources....

Some of you may have been wondering, as I have, what effect the January 1997 decision by the Insurance Services Office (ISO) to become a for-profit corporation has had on the nature of their operation and the delivery of their services. Since sufficient...

Some of you may have been wondering, as I have, what effect the January 1997 decision by the Insurance Services Office (ISO) to become a for-profit corporation has had on the nature of their operation and the delivery of their services. Since sufficient...

Why are so many investments in information technology disappointing? For the simple reason that the buying decisions violate truth: We buy technology for the features instead of to enhance underlying business processes. To leave process out of the...

renting a reinsurance facility is not a new idea. The first rent-a-captive programs were developed in the late 1970s and early 1980s. However, rent-a-captives have resurgence in the last few years and have gotten a boost from the off shore insurance...

The United States' premier domicile is home to a growing number of reciprocals, self insurance mechanisms that provide access to insurance or reinsurance for organized groups of insureds. There's been a lot of talk lately about when the soft market...

Security. Privacy. Access. Data integrity. Encryption. If your company has plans to do business over the Internet--to conduct commerce via E--these terms will increasingly become a part of your risk management lexicon. This overview of the primary...

If you never have had second thoughts about the quality of service you are receiving from your third your administrator, skip this article; unfortunately, you are in a minority. The results of the 1998 Quality Scorecard revealed a serious dissatisfaction...